Cryptocurrency

Saylor’s tweet has sparked an agitated discussion in the crypto community.In his poll, Saylor asked about the “predicted BTC annual return (%) over the next 21 years” and offered four voting options: 14%, 22%, 30% and 38%.The votes naturally split here, with the majority choosing to bullishly vote for the 38% option. A total of 39.4% of participants voiced that view. The 22% and 30% options gained almost the same amount of votes — 19% and 19.7%. A total of 21.9% voted for 14% growth. Some 72,258 X users took part in the poll in total.Saylor revealed that during the previous week, MSTR treasury operations produced a BTC yield of 0.72%, equivalent to roughly 3,177 BTC. As Bitcoin was trading approximately at $94,000 on that particular day, the Bitcoin yield, or the Bitcoin “gift” to shareholders, as Saylor put it, constituted $299 million.The percentage growth Bitcoin yield options offered by Saylor in the above-mentioned poll clearly show that the BTC evangelist expects BTC to surge tremendously over the next 21 years.This article was originally published on U.Today More

The world’s largest cryptocurrency fell 1.6% to $93,869.0 by 05:04 ET (10:04 GMT).Despite the recent pullback, the cryptocurrency remains up 120% for the year, driven by optimism over potential digital currency backing from the incoming Trump administration.Bitcoin’s recent declines come as the post-election boost loses momentum, with the premier cryptocurrency settling into a trading range between $92,000 and $100,000, according to Chris Weston, head of research at online broker Pepperstone.A drop below $92,000 could pave the way for further declines toward $81,000, Weston said in a note seen by the Wall Street Journal.Bitcoin has traditionally moved inversely to the U.S. Dollar Index (DXY), which measures the dollar’s value against key currencies like the euro.Recent dollar strength, driven by anticipation of economic policies from President-elect Donald Trump, has made traditional assets such as U.S. Treasuries and stocks more appealing compared to cryptocurrencies.As a result, hopes for a sustained crypto rally have weakened, with Bitcoin falling nearly 4% this month. Lower liquidity and year-end profit-taking have also weighed on the market, dampening the typical December “Santa rally.”Furthermore, reduced expectations for further interest rate cuts by the Federal Reserve have pressured Bitcoin and other digital assets.Still, some investors remain optimistic that long-term crypto-friendly policies could support the market, even in a strong dollar environment.Most of the other cryptocurrencies followed Bitcoin’s decline, trading mostly flat or slightly lower, while the XRP token experienced a sharper drop.World no.2 crypto Ether was 0.4% higher at $3,418.90, and the world no.3 crypto XRP tumbled nearly 5% to $2.079.Meanwhile, Solana fell 1.8% and Polygon lost 3.1%. Cardano slid 2.5% to $0.87.Among meme tokens, Dogecoin dropped 1.7%. More

It is evident from an analysis of Bitcoin’s recent price movement that the cryptocurrency is having difficulty gaining traction. The lack of a significant breakout or retrace highlights the lack of interest from traders who might be reluctant to commit before the year ends. In the past, there has typically been less trading activity in all financial markets, including cryptocurrencies, in the last few days of December and the first few days of January.This translates to fewer price fluctuations for Bitcoin and a holding pattern for traders. This stagnation is further compounded by the absence of volume, which is a key driver of price action. The likelihood of Bitcoin breaking important resistance levels or testing new support zones is low in the absence of substantial trading volume. This quiet period might last until outside forces possibly connected to changes in market sentiment or macroeconomic events in the coming year appear.As the market transitions out of the holiday season, traders should anticipate heightened activity. The present lack of volatility is unlikely to continue, but it is still unclear whether Bitcoin will move higher or lower in the future. Until then, the movements of Bitcoin will mostly be meaningless; significant price changes are only anticipated following a rebound in market activity.Notwithstanding the general unpredictability in the cryptocurrency market, this stability shows that market players still find value in the asset. The lack of strong bullish momentum, however, raises concerns because it shows that investors are hesitant to raise the price. The 50 EMA is the next significant turning point for XRP.A strong basis for a possible reversal may be provided if the 50 EMA catches up to the current price level in the upcoming weeks. This convergence would improve XRP’s standing by providing the technical backing required for a longer-term upward trend. XRP is still vulnerable though as any strong selling pressure could push the price lower until this alignment takes place.During this time, traders and investors should exercise caution. Although it is encouraging that XRP has managed to stay above the 26 EMA, the asset remains vulnerable due to the absence of a larger market push or substantial volume. If the 26 EMA is broken, there may be more declines and a possible return to lower support levels.As of right now, XRP is still consolidating, displaying strength but also leaving room for uncertainty. Whether the asset can establish a strong foundation for recovery or if it runs the risk of losing its current momentum will be decided in the upcoming weeks. Watch the 26 EMA and the impending 50 EMA as important predictors of XRP’s next movement.The market momentum is in favor of sellers as indicated by the bearish EMA crossover. If buyers don’t act quickly, this signal indicates that DOGE may experience more selling pressure in the near future. The asset still has a chance to recover though if the market sentiment changes in a positive way, so there is still some hope. DOGE needs buying support to come back into the market in order to get out of its precarious situation.The bearish signal could be disproved and a more positive trend could be established if a rebound in demand drives the price above the crossed EMAs. Whether DOGE can stabilize and start to buck the current trend will depend on the immediate support level at $0.28, which is the 50 EMA.The $0.35 level is a challenge for DOGE on the resistance side. A break through this barrier would suggest a substantial change in the mood of the market, which might lead to a resurgence of interest and an increase in price. Until this occurs, DOGE is in a precarious position and could experience more declines if the market does not experience more buying pressure.This article was originally published on U.Today More

First, this wallet withdrew 1,000 BTC worth $94.43 million yesterday. Less than a day later, another transfer of 1,700 BTC worth $161.35 million left the exchange. Now the wallet holds 2,700 BTC, which is a lot of cash to move around in such a short amount of time.What’s even more interesting is that this unknown wallet came out of nowhere with no previous transaction history.These kinds of moves often say a lot in the crypto world. It’s not just about size, but also about what those controlling the wallet are up to. In the common sense of crypto market participants, such withdrawals from centralized platforms are seen as an act of the unknown large investor buying cryptocurrency and taking it into their own custody.So the perception is rather bullish.The catch, however, is that this wallet may belong to Binance itself, and all this shuffling between wallets is nothing more than an internal operation of the exchange.That said, the owner’s endgame is still a mystery. It could be a way to hedge against market volatility, a sign of bullish expectations, or part of a larger, secret plan. The fact that there’s been no immediate on-chain movement of Bitcoin beyond Binance points to the likelihood of secure storage.Who owns it, the exchange or individual investors, also remains a mystery.This article was originally published on U.Today More

Dormant addresses, especially those holding substantial amounts of Bitcoin, often attract attention since they may be linked to early Bitcoin adopters. The reasons behind such long periods of inactivity can vary, ranging from forgotten wallets or hodling of assets.Given the meteoric rise in Bitcoin price this year, the holder might believe the current market conditions are favorable for either selling or further investment. The holder may potentially be moving funds for security reasons or simply rediscovered the wallet’s keys. All this said, the exact reason for the awakening remains unknown.Bitcoin changed hands at $94,673 as of press time as its momentum slowed after hitting a record high of $108,316 on Dec. 17. The biggest cryptocurrency is flirting with a drop for December, marking its first monthly loss since September.Despite this, expectations remain in the final days of December for crypto prices. According to Santiment, although trading volume is low, if whales continue their strong accumulation trend, the lack of retail participation may lead to at least one final big unexpected 2024 pump while retail pays little attention.Galaxy predicts that Bitcoin will cross $150,000 in H1 and reach or exceed $185,000 in Q4, 2025. It believes that a combination of institutional, corporate and national government adoption could boost Bitcoin to unprecedented heights by 2025. Throughout its life, Bitcoin has appreciated faster than any other asset class, particularly the S&P 500 and gold, and this trend is expected to continue in 2025. Bitcoin is also expected to reach 20% of gold’s market capitalization.Galaxy also predicts that Bitcoin will be among the best-performing global assets in terms of risk-adjusted returns in 2025. This year, Bitcoin ranked as the third best-performing asset on a risk-adjusted basis when compared to a basket of equities, fixed-income securities, indices and commodities.This article was originally published on U.Today More

This kind of growth could totally reshape the financial landscape, and Bitcoin, the flagship cryptocurrency, is at the center of this transformation. Morehead’s analysis points to one striking possibility: Bitcoin’s market capitalization could hit $15 billion by 2028. That is 10,000% growth, which might seem like a lot, but it is actually in line with past performance, declared Morehead in an interview with Bankless.This is not just wishful thinking as BTC has been doubling in value every year for 11 years, and it has kept going up even as critics say it is overvalued. Morehead is confident that Bitcoin’s steady performance and its role in the bigger picture of tech and economic change are what’s driving it.Morehead’s predictions are based on his experience in the field. Back in 2013, when BTC was still a new thing trading at around $65, he told investors to pay attention, and that letter to investors earned a legendary status in the crypto industry.This article was originally published on U.Today More

He believes this adoption is rather unlikely, explaining why this might not happen.However, Ju said, that happened during an economic crisis. Overall, Ju said, gold has surged, throughout the whole U.S. history, at times when the United States “perceived a threat to its dominance in the global economy” and debates about the gold standard would begin to gain traction.A similar thing is happening about not gold but Bitcoin as BTC enthusiasts and maximalists are advocating for adopting the Bitcoin Standard. “Now, Bitcoin seems to be filling the ideological space once occupied by gold,” Ki Young Ju stated.Ju admitted that he thoroughly supports the idea of the U.S. adopting the Bitcoin Standard. However, he doubts that the U.S. would adopt Bitcoin as a strategic asset. In order for that to happen, the country will have to face a significant threat to its global economic dominance.The U.S. government may indeed begin to purchase Bitcoin and stack it for risk management or economic leverage, however, it could happen for totally different motivations than Bitcoiners think.This article was originally published on U.Today More

Nate Geraci states these products are long in the underlying stocks or gold. These would now feature a short USD and long Bitcoin position using Bitcoin Futures offerings. The dual-faced model of these new ETFs made him call the prospective offerings “BTC hedged ETFs.”Since spot Bitcoin and Ethereum ETF products secured approval from the U.S. SEC, there has been no slowing down in the number of filings.While the number of crypto ETFs like Litecoin, Hedera, Solana and XRP ETF products has grown, asset managers are also intensifying how these offerings target traditional finance products more closely.Geraci aptly observed that “Bitcoin is starting to eat tradfi.”As noted, at least one big asset manager will allocate 2% of its Assets Under Management (AuM) to Bitcoin, underscoring the potential for the asset to go mainstream on Wall Street.Already, many traditional firms are buying Bitcoin through ETFs, complementing the unrelenting acquisitions from spot buyers like MicroStrategy.This article was originally published on U.Today More